FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   KBC Asset Management NV 2. Date of Event Requiring Statement (Month/Day/Year) 07/14/2008 3. Issuer Name and Ticker or Trading Symbol Mueller Water Products, Inc. [MWA] (Last) (First) (Middle) HAVENLAAN 2 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) BRUSSELS, C9 1080 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) No securities are beneficially owned (1) 0 D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KBC Asset Management NV HAVENLAAN 2 BRUSSELS, C9 1080	Â	  X	Â	Â

Signatures

/s/ Noel O'Halloran As Executive Director and Chief Investment Officer of KBC Asset Management Ltd., and as attorney-in-fact on behalf of KBC Group NV, KBC Bank NV, and KBC Asset Management NV.		07/23/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	KBC Asset Management Ltd. is an investment adviser that has investment discretion over accounts that hold shares of the issuer that, in the aggregate, exceed 10 percent of the total shares outstanding of the class, and therefore may be considered a beneficial owner of those shares pursuant to Securities Exchange Act Rules 13d-3 and 16a-1(a)(1). Each of KBC Group NV, KBC Bank NV, and KBC Asset Management NV may be considered control persons of KBC Asset Management Ltd. and therefore also may be considered beneficial owners of the shares over which KBC Asset Management Ltd. has investment discretion shares pursuant to Securities Exchange Act Rules 13d-3 and 16a-1(a)(1). None of the reporting persons is a beneficial owner of any shares of the issuer pursuant to Securities Exchange Act Rule 16a-1(a)(2).

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